After I posted my article named “Comparison of steel stocks update”, in which I pointed out Prestar is the cheapest in terms of PE ratio, many investors wanted to know why I bought so many Prestar shares.
The last traded price is 70 sen. Its latest quarter ending Sept. EPS was 7.21 sen and its previous quarter EPS was 9.59 sen. All this profit was achieved when there was MCO lockdown. It should report better profit for its quarter ending December which should be announced before the end of February.
During the FYE2020, the Group has taken some control and preventive measures against the widespread of COVID-19, including some business development activities undertaken by the Group, as summarised below in its 2020 annual report:
i) COVID-19 pandemic – preventive measures as a result of MCO and CMCO imposed by the government since 18 March 2020 due to COVID-19 pandemic, the Group’s operations were adversely affected during the initial phase of lockdown. However, the Group has subsequently managed to obtain approval from the relevant authorities to resume its operations during the lockdown period with adherence to strict operating conditions, observation of stringent standard operating procedures (“SOP”), establishment of Return to Work Guideline and formation of COVID-19 Emergency Respond team.
In addition to the above initiatives, several preventive measures were implemented and such applicable best practices were also adopted in accordance with the guide gazetted by the Majlis Keselamatan Negara (MKN), Kementerian Kesihatan Malaysia (KKM) and Ministry of International Trade and Industry (MITI). With the successful implementation of the control and preventive measures during the period, the impact of COVID-19 has been mitigated to the minimal.
ii) Business collaboration with a Japanese company, Murata Machinery, Ltd (“MURATA”) to supply automated storage solutions worldwide During FYE 2020, Prestar Storage System Sdn. Bhd. (“PSSSB”), a wholly-owned subsidiary of the Company had entered into a Manufacturing Partnership Agreement with MURATA for the purpose of designing, manufacturing and supplying of Automated Storage and Retrieval System (“ASRS”) Racking System for the latter’s worldwide market. MURATA is one (1) of the largest designers and manufacturers of material handling systems in Japan with leading edge in the manufacturing of Automation Integrator serving a global market in a wide range of industries. The said collaboration will provide PSSSB with a growth opportunity to participate in the supply of ASRS Racking System for MURATA’s global market including the United States of America, Japan, China and ASEAN countries as well as leveraging on its core strength to achieve greater success in factory automation sector. In addition, the collaboration is expected to give PSSSB the instant accessibility for supplying ASRS Racking System to e-commerce, pharmaceutical, Omni-channel distributions, retailing, distribution and logistics industries and high throughput industries such as fast-moving consumer goods particularly for export market. The collaboration will definitely augur well the long-term strategic business goal of PSSSB.
iii) Sarawak Pan Borneo Highway (“PBH”) contract Another wholly-owned subsidiary, Prestar Engineering Sdn. Bhd. (“PESB”) had on 1 July 2020 entered into the Supply Agreements (“Agreements”) with Pansar Company Sdn. Bhd. (a wholly-owned subsidiary of Pansar Berhad, a company listed on the Main Market of Bursa Malaysia Securities Berhad) and was also awarded the contracts (“Contracts”) from LTC West Gate Sdn. Bhd. and Kemakmuran 2000 Sdn. Bhd. for the purpose of supplying and delivering guardrails and accessories in respect of the development and upgrading of the proposed PBH in Sarawak, Malaysia.
The total estimated amount of the Agreements and Contracts secured by PESB was RM80.0 million for the supply of Guardrails.
You can read all these in Prestar Resources Berhad Annual Report 2020 and 2021 OPERATIONS REVIEW.
Chart | Stock Name | Last | Change | Volume |
---|
Created by Koon Yew Yin | Aug 19, 2024
On 14th Aug 2024, I posted my article “Why people are rioting across UK”. Now I want to tell you why do people riot?
Created by Koon Yew Yin | Aug 19, 2024
If I knew politicians are so well paid, I should have been a politician. A few days ago, one old friend who migrated to Australia about 40 years ago, visited me. He told me that he was a Member of P..
Created by Koon Yew Yin | Aug 14, 2024
Riots have spread across numerous cities and towns in England, and in Belfast in Northern Ireland, over the last week in the worst outbreak of civil disorder in Britain for 13 years. Police have ma...
Created by Koon Yew Yin | Jul 30, 2024
The new poll, conducted between July 22-24 and released Sunday, found that Harris’s approval rating had surpassed Trump’s in Wisconsin, Pennsylvania, Minnesota, and Michigan. In Michigan, Harris was..
Created by Koon Yew Yin | Jul 30, 2024
As you can see below, a few people are using my name to promote sale of Initial Public Offer (IPO) shares before and after listing on Bursa Malaysia. You should not buy IPO shares because statistics..
Created by Koon Yew Yin | Jul 23, 2024
The most important criteria for share selection are technical analysis and financial analysis. The price chart below shows that KSL's share price has been going up from 88 sen to above RM 2.13...
Created by Koon Yew Yin | Jul 22, 2024
Recently one smart accountant pointed out to me that KP Property has millions of Redeemable Convertible Preference Shares (RCPS). This will affect its share price. I sold all my KPP shares to buy KSL.
Created by Koon Yew Yin | Jul 15, 2024
Currently Bahasa Melayu is taught in all Government sponsored schools. Bahasa Melayu is only good within Malaysia. All our overseas customers do not know Bahasa Melayu. I hope all our politicians...
Created by Koon Yew Yin | Jul 09, 2024
Aya! EPS only 34 sen/sh. while Supermx Rm 1.41 /sh .From here we know which stock is better choice
2022-02-10 09:42
Uncle shd recommend Supermx löh! PE less than 1 , cash cow ,zero debt etc......
2022-02-11 10:04
why KYY never ask to buy o&g , look like O&G is on uptrend. KYY must be holding alot of metal stock ?
2022-02-11 13:00
Posted by tahong > Feb 11, 2022 10:04 AM | Report Abuse
Uncle shd recommend Supermx löh! PE less than 1 , cash cow ,zero debt etc......
Ans :
Investment Fund KLSE don't apply P.E ratio formulae .
They apply money game rule .
Last year they distributed to retailer at rm.7.50 and now buy back rm 1+ from market . They won't push back to rm 3 for you to make money. Understand !!!
11/02/2022 1:31 P
2022-02-11 13:35
sensonic
Post removed.Why?
2022-02-09 16:40